Property profile

61 Keel Ave Memphis, TN 38107

OFF-MARKET
Office buildings
Property ID
US80-1430393
29,563 SF 1.17 ac lot Built 1930
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1930
Construction FRAME
Total area 29,563 SF
Lot 1.17 ac (50,791 SF)
Zoning code MU
APN 001-052- - -00001
UPID US80-1430393

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

61 Keel Ave Memphis, TN 38107-3624
Memphis metro Census 2100 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.53M
Blend (final) Blend
$745k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2021
Price N/A
2021
Price N/A
2017
Price N/A
2017
$675,100
2016
Price N/A
2015
Price N/A

Zoning & alternative use

MU · Memphis, TN
Zoning description

C. Mixed Use (MU) The MU District is intended to accommodate physically integrated uses. Permitted land use types include commercial, townhouses, apartments, and institutions. The ideal model consists of building(s) with…

General category MIXED_USE
Top alternative use upside
Medical building $4.2M +19.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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